Arrowhead Pharmaceuticals (BSP:A2RR34) Cyclically Adjusted PB Ratio: 23.89 (As of Sep. 11, 2026) — 111% Above Median

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BSP:A2RR34 Arrowhead Pharmaceuticals Inc BSP:A2RR34
19 GF Score
Price R$54.48
GF Value R$33.91
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Arrowhead Pharmaceuticals Cyclically Adjusted PB Ratio?

Arrowhead Pharmaceuticals BSP:A2RR34 19 Cyclically Adjusted PB Ratio is 23.89 as of Sep. 11, 2026, which is 111% above its 10-year median of 11.30. GuruFocus rates BSP:A2RR34 with a GF Score™ of 19/100 and a GF Value™ of R$33.91 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 682 Biotechnology companies, Arrowhead Pharmaceuticals ranks worse than 95.31% on this metric.

As of today (2026-09-11), Arrowhead Pharmaceuticals's current share price is R$54.48. Arrowhead Pharmaceuticals's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$2.28. Arrowhead Pharmaceuticals's Cyclically Adjusted PB Ratio for today is 23.89.

The historical rank and industry rank for Arrowhead Pharmaceuticals's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:A2RR34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.47   Med: 11.3   Max: 43.2
Current: 23.55

During the past years, Arrowhead Pharmaceuticals's highest Cyclically Adjusted PB Ratio was 43.20. The lowest was 0.47. And the median was 11.30.

BSP:A2RR34's Cyclically Adjusted PB Ratio is ranked worse than
95.31% of 682 companies
in the Biotechnology industry
Industry Median: 1.62 vs BSP:A2RR34: 23.55

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Arrowhead Pharmaceuticals's adjusted book value per share data for the three months ended in Jun. 2026 was R$16.902. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$2.28 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Arrowhead Pharmaceuticals  (BSP:A2RR34) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Arrowhead Pharmaceuticals Cyclically Adjusted PB Ratio Related Terms


Arrowhead Pharmaceuticals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Arrowhead Pharmaceuticals's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Arrowhead Pharmaceuticals Cyclically Adjusted PB Ratio Chart

Arrowhead Pharmaceuticals Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.78 11.44 8.27 6.13 10.59

Arrowhead Pharmaceuticals Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.92 10.59 20.13 18.29 23.19

BSP:A2RR34 vs HALO, CORT, MDGL: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, Arrowhead Pharmaceuticals's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Arrowhead Pharmaceuticals Cyclically Adjusted PB Ratio vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Arrowhead Pharmaceuticals's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Arrowhead Pharmaceuticals's Cyclically Adjusted PB Ratio falls into.


BSP:A2RR34
19GF Score
Arrowhead Pharmaceuticals Inc BSP:A2RR34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Arrowhead Pharmaceuticals Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Arrowhead Pharmaceuticals's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=54.48/2.28
=23.89

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Arrowhead Pharmaceuticals's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Arrowhead Pharmaceuticals's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=16.902/333.9520*333.9520
=16.902

Current CPI (Jun. 2026) = 333.9520.

Arrowhead Pharmaceuticals Quarterly Data

Book Value per Share CPI Adj_Book
201609 4.458 241.428 6.166
201612 4.406 241.432 6.094
201703 3.927 243.801 5.379
201706 3.971 244.955 5.414
201709 3.410 246.819 4.614
201712 3.112 246.524 4.216
201803 4.279 249.554 5.726
201806 4.392 251.989 5.821
201809 4.447 252.439 5.883
201812 7.216 251.233 9.592
201903 8.163 254.202 10.724
201906 9.162 256.143 11.945
201909 10.550 256.759 13.722
201912 20.300 256.974 26.381
202003 23.729 258.115 30.701
202006 25.023 257.797 32.415
202009 24.357 260.280 31.251
202012 22.658 260.474 29.050
202103 24.137 264.877 30.431
202106 21.082 271.696 25.913
202109 20.687 274.310 25.185
202112 20.103 278.802 24.080
202203 21.292 287.504 24.732
202206 21.658 296.311 24.409
202209 19.721 296.808 22.189
202212 18.633 296.797 20.966
202303 21.775 301.836 24.092
202306 16.534 305.109 18.097
202309 12.488 307.789 13.550
202312 7.311 306.746 7.959
202403 19.408 312.332 20.751
202406 14.331 314.175 15.233
202409 8.257 315.301 8.745
202412 2.555 315.605 2.704
202503 28.499 319.799 29.760
202506 20.968 322.561 21.708
202509 18.419 324.800 18.938
202512 22.572 324.054 23.261
202603 22.842 330.213 23.101
202606 16.902 333.952 16.902

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 23.89 mean?
Arrowhead Pharmaceuticals (BSP:A2RR34) has a Cyclically Adjusted PB Ratio of 23.89 as of Sep. 11, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Arrowhead Pharmaceuticals and its competitors. This is 111% above median its historical median of 11.30. Over the past decade, Arrowhead Pharmaceuticals' Cyclically Adjusted PB Ratio has ranged from 0.47 to 43.20. According to the industry distribution chart, Arrowhead Pharmaceuticals ranks #650 out of 682 companies in the Biotechnology industry, placing it in the top 95.3%.
Is Arrowhead Pharmaceuticals' Cyclically Adjusted PB Ratio too high?
Arrowhead Pharmaceuticals' current Cyclically Adjusted PB Ratio of 23.89 is 111% above median its 10-year median of 11.30. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 43.20. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.62. Arrowhead Pharmaceuticals' value of 23.89 is 1374.7% above this industry median. Based on the distribution chart, Arrowhead Pharmaceuticals ranks #650 out of 682 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Arrowhead Pharmaceuticals has a GF Score™ of 19/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arrowhead Pharmaceuticals' Cyclically Adjusted PB Ratio compare to HALO and CORT?
According to the Biotechnology industry distribution chart, Arrowhead Pharmaceuticals ranks #650 out of 682 companies for Cyclically Adjusted PB Ratio. This places Arrowhead Pharmaceuticals in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.62. Arrowhead Pharmaceuticals' value of 23.89 is 1374.7% above this benchmark. Historically, Arrowhead Pharmaceuticals' own Cyclically Adjusted PB Ratio has ranged from 0.47 to 43.20 over the past decade. While the company's 10-year median is 11.30 vs. the industry median of 1.62, Arrowhead Pharmaceuticals has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Biotechnology company?
The median Cyclically Adjusted PB Ratio among Biotechnology companies is 1.62, based on 682 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Arrowhead Pharmaceuticals's current Cyclically Adjusted PB Ratio of 23.89 is 1374.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Arrowhead Pharmaceuticals and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arrowhead Pharmaceuticals's current Cyclically Adjusted PB Ratio is 23.89, which is 111% above median its own 10-year median of 11.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arrowhead Pharmaceuticals stock overvalued right now?
Based on GuruFocus' analysis, Arrowhead Pharmaceuticals (BSP:A2RR34) is currently considered Significantly Overvalued. The stock's GF Value™ is R$33.91, compared to a current price of R$54.48 — trading 60.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 23.89, which is 111% above median its 10-year median of 11.30 and 1374.7% above the Biotechnology industry median of 1.62. Arrowhead Pharmaceuticals' overall GF Score™ is 19/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Arrowhead Pharmaceuticals (BSP:A2RR34), the current Cyclically Adjusted PB Ratio is 23.89 as of Sep. 11, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Arrowhead Pharmaceuticals (BSP:A2RR34) Overvalued in 2026?

Based on GuruFocus' analysis, Arrowhead Pharmaceuticals stock appears to be overvalued. The current stock price of R$54.48 is trading 60.7% above its estimated GF Value™ of R$33.91. GuruFocus considers Arrowhead Pharmaceuticals to be Significantly Overvalued.

Key valuation signals for BSP:A2RR34:

  • Cyclically Adjusted PB Ratio: 23.89 (111% above median its 10-year median of 11.30)
  • GF Value™: R$33.91 vs. price of R$54.48 (60.7% above fair value)
  • GF Score™: 19/100 with 6 warning signs
  • Industry Position: 1374.7% above the Biotechnology median (#650 of 682)

No single metric tells the full story. See the BSP:A2RR34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Arrowhead Pharmaceuticals Business Description

Other Exchanges ARWR:USA0HI3:UKHDP1:Germany
Address 177 E Colorado Boulevard, Suite 700, Pasadena, CA, USA, 91105
Arrowhead Pharmaceuticals Inc is a commercial-stage pharmaceutical company. It is focused on the development of medicines for diseases associated with genetic abnormalities or protein overproduction. The company develops potential RNAi therapies designed to inhibit the expression of genes known to trigger diseases. Its portfolio includes potential drugs targeting Cardiometabolic, Neuromuscular, Pulmonary, Liver, and other diseases. The company also develops RNAi products and clinical candidates designed to target different cell types within the body.
19GF Score

Get the complete analysis for BSP:A2RR34

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$54.48
Price
R$33.91
GF Value